U.S. grocery prices rose in April, but gas spikes weren't the only reason
Summary
Grocery prices in the U.S. rose by 2.9% in April compared to a year ago, reaching the highest increase since August 2023. Food prices at restaurants and fast-food places also went up, leading to an overall 3.2% food price increase in the past year.Key Facts
- Grocery prices increased 2.9% in April year-over-year.
- This is the biggest yearly rise since August 2023.
- Food prices eaten outside the home, like restaurants and fast food, also went up.
- Overall food prices increased by 3.2% in one year.
- High gasoline prices caused by the Iran war contributed but were not the only reason for rising grocery costs.
- The Labor Department reported these figures using the consumer price index.
- About two-thirds of Americans blame President Trump for higher gas prices (from related information).
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